Palladium fell to 1,236.50 USD/t.oz on July 14, 2025, down 3.96% from the previous day. Over the past month, Palladium's price has risen 20.58%, and is up 31.82% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on July of 2025.

Interactive chart of historical daily palladium prices back to 1987. The price shown is in U.S. Dollars per troy ounce.

As of 2024, the average closing price of palladium was *** U.S. dollars per troy ounce. Furthermore, palladium prices had an average price of just *** U.S. dollars per troy ounce based on the first three months of 2025. Palladium is a precious metal commodity that is used in jewelry and automotive manufacturing.

Why did the Palladium Price Change in May 2025? The Palladium Metal Price Index in the US market settled during Q1 2025 at USD 1,002/MT (DEL Alabama, USA), showing notable volatility Q-o-Q basis.

As of June 20, 2024, palladium futures contracts to be settled in March 2027 were trading on U.S. markets at just over 1,000 U.S. dollars per troy ounce. This is slightly lower than the price for contracts to be settled in March 2024. Palladium futures are contracts that effectively lock in a price for an amount of palladium to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

Get the latest insights on price movement and trend analysis of Palladium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The London Metals Exchange (LME) price of palladium totaled approximately *** U.S. dollars per metric ton in the first quarter (Q1) of 2025. Since Q4 2022, palladium prices have declined from ***** U.S. dollars per metric ton.

The size of the Palladium Market was valued at USD 11.65 billion in 2023 and is projected to reach USD 15.85 billion by 2032, with an expected CAGR of 4.5 % during the forecast period. The palladium market has experienced significant growth in the last few years, largely due to its essential use in various industrial applications, especially in the automotive and electronics sectors. Palladium is a precious metal primarily used in catalytic converters for vehicles, where it helps reduce harmful emissions by converting toxic gases into less harmful substances. The automotive industry continues to consume the largest amount of palladium in the world, owing to increased demand for fuel-efficient and low-emission vehicles against a global background of environmental regulations. It is now increasingly used in electronics applications, such as connectors, capacitors, and the production of hydrogen storage systems, besides its traditional use in the automobile industry. Its good conductivity, corrosion resistance, and high temperature resistance make it suitable for these applications. Demand in the hydrogen economy is also boosted, mainly in fuel cells and in hydrogen production, through growing roles of palladium. With an increasing trend of wearing palladium jewelry due to lower cost and longer wear time compared to platinum alternatives, the market for the element is also on the upswing. Supply of palladium is limited due to it being mined mainly as a byproduct of platinum and nickel, and hence, there is a price volatility issue. Recent developments include: In December 2023, Lifezone Metals Ltd signed an agreement with Glencore Plc for the recycling of palladium, platinum, and rhodium. For this project, hydrometallurgical technology, Hydromet will be utilized for the facility located in the U.S. Using Hydromet technology, the company aims to recover platinum group metals from recycled sources in an efficient and cleaner manner , In September 2024, Sibanye Stillwater Ltd announced its plans to restructure production at its Montana mine to cut the output of platinum and palladium by 45% in a bid, so as to turn the company into profitable. The restructuring will also allow the company to reduce the cash outflows .

The diamminedichloro palladium market is experiencing robust growth, driven by increasing demand from the chemical and industrial sectors. While precise market size figures for 2025 aren't provided, a reasonable estimation, considering typical CAGR values for specialty chemicals and the stated study period (2019-2033), places the 2025 market size at approximately $250 million. This estimate is based on a projected compounded annual growth rate (CAGR) of 6%, reflecting consistent growth observed in similar niche chemical markets. Key drivers include the expanding use of palladium catalysts in various organic synthesis processes, notably in the pharmaceutical and electronics industries. Furthermore, the growing preference for high-purity diamminedichloro palladium (99% purity) is fueling market expansion. The industrial application segment holds the largest market share, primarily due to its utilization in crucial manufacturing processes. Major players like Biosynth Carbosynth, Crysdot LLC, and Hanhong are vying for market dominance through strategic expansion, R&D investments, and partnerships. Geographic distribution reveals strong regional variations, with North America and Europe currently dominating the market due to established chemical industries and stringent regulatory frameworks. However, the Asia-Pacific region is projected to witness the fastest growth owing to the burgeoning chemical manufacturing sector and expanding economies within this area. The forecast period of 2025-2033 anticipates a continuation of this upward trajectory. The CAGR of 6% suggests the market will significantly expand, potentially reaching $400 million by 2030 and exceeding $500 million by 2033. However, this projection remains sensitive to factors like fluctuating palladium prices, evolving regulatory landscapes, and the emergence of alternative catalytic materials. The market segmentation by purity level and application reveals opportunities for specialized producers to cater to niche needs and capture significant market shares. Furthermore, strategic collaborations between chemical manufacturers and end-use industries will play a crucial role in driving future growth. Restraints to growth include the volatile price of palladium, environmental concerns associated with its usage, and potential supply chain disruptions. This report provides a detailed analysis of the global diamminedichloro palladium market, offering invaluable insights for stakeholders seeking to understand market dynamics, competitive landscapes, and future growth opportunities. The market is projected to reach several billion USD in valuation within the next decade, fueled by increasing demand across key industrial sectors. This report leverages extensive primary and secondary research to deliver actionable intelligence.

On April 7, 2022, palladium prices rose to just over 2,200 U.S. dollars per ounce, up 42 U.S. dollars day-over-day. This comes as Russia invaded Ukraine, and G7 countries committed to economical sanctions on the invading country. Russia was the leading exporter of palladium worldwide in 2020, with Moscow-based Norilsk Nickel dwarfing all other palladium producers two years earlier. This market development comes in the midst of the automotive semiconductor shortage, while most palladium is used in catalytic converters for cars.

The global palladium tube market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for the base year (2025) are not provided, we can infer a substantial market value based on industry trends and the availability of palladium in related applications. Considering the applications in chemicals and industrial processes, along with the rising adoption of palladium in catalysis and specialized manufacturing, we can estimate the 2025 market size to be approximately $250 million. This is a conservative estimate, acknowledging the potential for higher valuations depending on factors such as undiscovered market segments and technological advancements. Assuming a Compound Annual Growth Rate (CAGR) of 6% – a reasonable figure reflecting the growth potential within the niche market for palladium tubes and considering the relatively stable growth of palladium across various other industrial uses – the market is projected to reach approximately $397 million by 2033. Key drivers include the expanding chemical industry, particularly in specialized catalysis, and the increasing demand for high-precision components in various industrial applications. The versatility of palladium tubes, offering superior corrosion resistance and conductivity, is fueling growth across sectors like electronics, medical devices, and aerospace. Trends point towards increasing use of advanced manufacturing techniques to improve the precision and efficiency of palladium tube production, leading to better quality and cost-effectiveness. However, restraints include the inherent volatility in palladium pricing, a factor subject to fluctuations in global supply and demand. This price sensitivity might impact market expansion, especially in price-sensitive sectors. Furthermore, the market is segmented by tube type (U-shaped, Cylindrical) and application (Chemicals, Industrial), indicating opportunities for specialized product development and targeted marketing strategies. The leading players, including American Elements, Goodfellow, and others, are strategically positioning themselves to benefit from these market trends.

The palladium sponge market is experiencing robust growth, driven by increasing demand from diverse sectors. While precise market size figures for the base year (2025) are not provided, leveraging available data and considering typical growth patterns in the chemical and materials industries, we can estimate a 2025 market size of approximately $500 million USD. This estimation considers the significant roles palladium sponge plays in catalytic converters, electronics, and other specialized applications. This market is projected to expand at a Compound Annual Growth Rate (CAGR) of approximately 8% from 2025 to 2033, propelled by factors including the rising adoption of palladium in automotive catalytic converters to meet stricter emission regulations globally and burgeoning growth in the electronics industry, particularly in areas such as hydrogen fuel cell technology and medical device manufacturing. The demand from the chemical industry, for its use in various chemical reactions, is also a key driver. The market segmentation by purity level (0.9999 and 0.9995) reflects the differing needs of various applications. Key players like Hootech, Umicore, and Heraeus are shaping market dynamics through technological advancements and strategic partnerships. Geopolitical factors and fluctuations in palladium prices are important considerations.
The regional distribution of the market is expected to be fairly diverse, with North America and Asia-Pacific (particularly China) representing significant market shares. Europe and other regions are also contributing to demand but at a potentially lower growth rate in comparison. The growth of the market is likely to be affected by several factors including fluctuations in the price of palladium, the availability of substitute materials, and changes in government regulations. Continuous innovation and development of new applications of palladium sponge will further influence market expansion in the coming years.

Rhodium traded flat at 5,700 USD/t oz. on July 11, 2025. Over the past month, Rhodium's price has risen 3.64%, and is up 23.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on July of 2025.

The high-purity palladium market, currently valued at approximately $11.32 billion (2025), is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033. This expansion is primarily driven by the burgeoning demand from the automotive industry, particularly for catalytic converters in gasoline vehicles, where palladium plays a crucial role in reducing harmful emissions. Furthermore, the increasing adoption of palladium in electronics, specifically in various components of mobile devices and other consumer electronics, contributes significantly to market growth. Growth is also fueled by palladium's applications in dentistry, hydrogen fuel cells, and chemical catalysis. However, price volatility remains a key restraining factor, influencing market dynamics and investment decisions. Geopolitical instability in major palladium-producing regions also poses a challenge to consistent supply chain stability. The market is dominated by key players such as Nornickel, Anglo American Platinum, Impala Platinum, Glencore, Heraeus, Sibanye-Stillwater, Shanghai Jiulin Chemical, and Sino-Palladium Metals, each contributing to a competitive landscape characterized by both established players and emerging regional manufacturers. The forecast period (2025-2033) anticipates continued market expansion, albeit with some fluctuations reflecting global economic conditions and technological advancements in alternative catalytic converter technologies. Regional market share will likely see variations, with established markets in North America and Europe maintaining significant presence while Asia-Pacific is expected to show substantial growth driven by increasing industrialization and consumer electronics production. The competitive landscape is expected to remain dynamic, with ongoing mergers and acquisitions, and companies focusing on innovation and technological improvements to enhance purity and efficiency in palladium extraction and processing. Supply chain resilience and diversification will remain critical for players navigating geopolitical risks and maintaining sustainable growth in the high-purity palladium market.

The global palladium recycling market is experiencing robust growth, driven by increasing demand from the automotive and electronics sectors. The rising adoption of catalytic converters in vehicles, coupled with the growing use of palladium in electronic components like smartphones and other devices, fuels this expansion. While precise figures for market size and CAGR are unavailable in the provided data, a reasonable estimate based on industry trends suggests a market value exceeding $2 billion in 2025, with a Compound Annual Growth Rate (CAGR) of around 5-7% projected from 2025 to 2033. This growth is further propelled by stricter environmental regulations globally, necessitating the use of palladium-based catalysts for emission control. The increasing focus on sustainable practices and resource efficiency is also contributing significantly to the expansion of the palladium recycling market.
However, the market faces certain constraints. Fluctuations in palladium prices, influenced by geopolitical factors and supply chain disruptions, can impact profitability. Furthermore, technological advancements in catalyst design could potentially reduce palladium usage in the long term, presenting a challenge to market growth. The segmentation reveals a near-even split between the catalyst and electronics applications of recycled palladium, highlighting the importance of both sectors. Key players in this market, including Umicore, Johnson Matthey, and others, are actively involved in refining and processing recycled palladium, leveraging their expertise and established infrastructure. Regional analysis reveals a strong presence in North America and Europe, particularly in regions with advanced manufacturing and electronics industries. Asia-Pacific, driven by China and India's growing economies, is projected to experience significant market growth in the coming years.

The Palladium(II) Nitrate market is experiencing robust growth, projected to reach a market size of $81.5 million in 2025. While the exact CAGR is not provided, considering the strong drivers in the automotive and chemical sectors, a conservative estimate of 5-7% CAGR for the forecast period (2025-2033) is reasonable. This growth is fueled by increasing demand from the automotive industry, particularly in catalytic converter applications for emission control, and the expanding chemical sector which utilizes palladium(II) nitrate as a catalyst in various organic synthesis reactions. Key trends shaping the market include the rising adoption of stricter emission regulations globally, pushing for more efficient catalysts and driving demand for high-purity palladium(II) nitrate. Furthermore, ongoing research and development efforts focused on improving catalytic efficiency and exploring novel applications are expected to further contribute to market expansion. However, price volatility of palladium, a key raw material, coupled with supply chain disruptions and potential environmental regulations related to palladium processing, represent significant restraints. The market is segmented by application (automotive, chemical, and others) and by palladium concentration (14.0%-16.0% and 15.0%-18.0%, with an "other" category encompassing varying concentrations). Major players such as Johnson Matthey, Heraeus Precious Metals, and SAFINA a.s. are actively competing in this dynamic landscape. The regional distribution of the market reflects strong demand from North America and Europe, driven by established automotive and chemical industries. The Asia-Pacific region, particularly China and India, is anticipated to witness substantial growth due to increasing industrialization and automotive production. The consistent demand across various applications and the continuous innovation in the chemical sector create a positive outlook for palladium(II) nitrate's future performance. Market players are focusing on strategic partnerships, capacity expansions, and technological advancements to capitalize on the growth opportunities and navigate the challenges posed by fluctuating palladium prices and evolving regulatory landscapes. Competitive analysis among leading players is further intensified by advancements in catalyst technology and the need for cost optimization.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

Germany Commodity Price: Precious Metals: Palladium data was reported at 965.460 USD/Troy oz in 15 May 2025. This records an increase from the previous number of 953.345 USD/Troy oz for 14 May 2025. Germany Commodity Price: Precious Metals: Palladium data is updated daily, averaging 986.241 USD/Troy oz from Jan 2013 (Median) to 15 May 2025, with 3135 observations. The data reached an all-time high of 3,187.967 USD/Troy oz in 08 Mar 2022 and a record low of 473.056 USD/Troy oz in 12 Jan 2016. Germany Commodity Price: Precious Metals: Palladium data remains active status in CEIC and is reported by Deutsche Börse Group. The data is categorized under Global Database’s Germany – Table DE.P: Commodity Prices. [COVID-19-IMPACT]

All of the five largest publicly owned produces of platinum have seen significant growth in their share price over recent years, with each company's share price at least doubling between January 2018 and May 2021. The highest gains were seen by South African mining company Impala Platinum, whose share price increased by nearly *** percent over this time. Most leading platinum miners saw their share price increase by between *** and *** percent.

The global precious metals market has surged, with gold, silver, platinum, and palladium experiencing significant price increases due to safe-haven investments and industrial demand.